sports betting at roundhill & igaming etf updated to buy candidate. (updated August 17, 2022)
the roundhill & igaming etf price fell by -2.39% on the last day (Wed 17 Aug 2022) from $17.60 to $17 ,18. and now it’s down 3 days in a row. During the last trading day, the ETF fluctuated 2.00% from a daily low of $17.03 to a daily high of $17.37. the price has increased in 7 of the last 10 days and has increased by 5.66% in the last 2 weeks. the volume has increased in the last day in 147 thousand shares but in falling prices. this may be an early warning and the risk will increase slightly in the next few days. in total, 209 thousand shares were bought and sold for approximately $3.58 million.
the etfi is at the top of a very broad, horizontal trend and normally this can represent a good selling opportunity, but a break through the upper trend line at $17.64 will give a strong buy signal. and a change in trend could be expected. Given the current horizontal trend, you can expect roundhill & igaming etf with a 90% chance of trading between $13.92 and $17.78 at the end of this 3-month period. A breakout of a horizontal trend is often followed by a large increase in volume, and ETFs rarely manage to go straight from the bottom of a trend to the top. therefore, ETFs that appear in the middle of a horizontal trend are considered to be potential runners.
Reading: Betz etf review
signals and amplifier; forecast
the roundhill & igaming etf has short-term moving average sell signal; at the same time, however, there is a signal to buy the long-term average. Since the short-term average is above the long-term average, there is a general buy signal in the ETF that gives a positive outlook for the stock. In further gains, the ETF will find short-term moving average resistance at roughly $17.18. In the event of a drop, the ETF will find some support at the long-term average of approximately $15.44. a break through the short-term average will send a buy signal, while a break through the long-term average will send a sell signal. In addition, there is a buy signal from the 3-month moving average convergence divergence (MACD). Some negative signals were also issued, and these may have some influence on short-term development. a sell signal was issued from a pivot high point on Monday Aug 15, 2022, and is down -2.61% so far. further drop is indicated until a new bottom pivot is found. volume rose yesterday due to falling prices. This may be an early warning and the ETF should be watched more closely.
support, risk & stop loss
On the downside, the etf finds support just below the current level of cumulative volume at $15.99 and $15.49. There is a natural risk when an ETF is testing a support level, in that if the support level is broken, the ETF may drop to the next support level. in this case, roundhill & igaming finds support just below the current level at $15.99. if this breaks then the next support on the stacked volume will be at $15.49 and $14.44.
This ETF has average movements during the day and with good trading volume, the risk is considered medium. Over the last day, the ETF moved $0.34 between high and low, or 2.00%. Since last week, the ETF has had an average daily volatility of 2.34%.
our recommended stop-loss: $16.58 (-3.52%) (this etf has medium daily moves and this gives medium risk. there is a sell signal from a pivot top found 2 days ago).
trade expectations for the next trading day on Thursday 18
For the next trading day on Thursday the 18th, we expect sports betting from roundhill & igaming etf to open at $17.19, and intraday (based on 14 day average true range), to move between $16.72 and $17.64, giving a possible trading range of +/-$0.46 (+/-2.69%) up or down from the last closing price. if roundhill sports betting & igaming etf takes out the full possible calculated swing range, there will be an estimated 5.39% movement between the lowest and highest trading price during the day.
Given that the stock is closer to cumulative volume resistance at $17.60 (2.44%) than support at $15.99 (6.93%), our systems do not find the risk/reward trade attractive intraday and any bets should be held until the action is closer to the support level.
is roundhill sports betting & igaming etf etf a buy?
Several short-term signs are positive and we conclude that the current level may provide a buying opportunity as there is a good chance that roundhill & igaming etf to perform well in the short term. We have updated the conclusion of our analysis for this ETF since the last evaluation of a retention/accumulation candidate to a buyer.
current score: 2,047
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